John Murray recently retired as Deputy Governor of the Bank of Canada. In his more than 35-year career as a global macro-economist, Mr. Murray has represented Canada at the International Monetary Fund, the G7 and G20, and the Organization for Economic Cooperation and Development. He holds a Bachelor of Commerce from Queen’s University, and an MA and PhD in Economics from Princeton University.

The Group of Seven nations agreed to find new sources of energy and expand their natural gas infrastructure to prevent Russia from using its oil and gas reserves as a “political weapon,” German Economy and Energy Minister Sigmar Gabriel said

Finance Minister Jim Flaherty says the threat of so-called “currency wars” among Group of 20 members has been quelled, with all countries agreeing that “markets will determined the value of our currencies, not governments.”

Financial leaders of the world’s richest countries, including Canada, are talking tough to emerging nations, warning their efforts to shore up domestic economies could lead to a currency war and possibly derail a global recovery